Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

If the present value for a sequence of payments made at the end of each 6 months and continuing forever is ₹6000. If the money is worth 4% compounded semi-annually, then, the value of sequence of payment made is:

Options:

₹60

₹120

₹240

₹480

Correct Answer:

₹120

Explanation:

The correct answer is Option (2) → ₹120